The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Unihealth Consultancy's current ratio for the quarter that ended in Mar. 2023 was 2.29.
Unihealth Consultancy has a current ratio of 2.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Unihealth Consultancy's Current Ratio or its related term are showing as below:
NSE:UNIHEALTH'
s Current Ratio Range Over the Past 10 Years
Min: 1.15 Med: 1.85 Max: 2.29
Current: 2.29
During the past 4 years, Unihealth Consultancy's highest Current Ratio was 2.29. The lowest was 1.15. And the median was 1.85.
NSE:UNIHEALTH's Current Ratio is ranked better than 71.98% of 678
companies
in the Healthcare Providers & Services industry
Industry Median: 1.37
vs NSE:UNIHEALTH: 2.29
Unihealth Consultancy Current Ratio Historical Data
The historical data trend for Unihealth Consultancy's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Unihealth Consultancy Current Ratio Chart
Unihealth Consultancy Annual Data
Trend
Mar20
Mar21
Mar22
Mar23
Current Ratio
1.15
1.85
1.85
2.29
Unihealth Consultancy Semi-Annual Data
Mar20
Mar21
Mar22
Mar23
Current Ratio
1.15
1.85
1.85
2.29
Competitive Comparison of Unihealth Consultancy's Current Ratio
For the Medical Care Facilities subindustry, Unihealth Consultancy's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Unihealth Consultancy's Current Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Unihealth Consultancy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Unihealth Consultancy's Current Ratio falls into.
Unihealth Consultancy Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Unihealth Consultancy's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Unihealth Consultancy (NSE:UNIHEALTH) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Unihealth Consultancy Current Ratio Related Terms
Thank you for viewing the detailed overview of Unihealth Consultancy's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Unihealth Consultancy (NSE:UNIHEALTH) Business Description
Unihealth Consultancy Ltd is a healthcare service provider based out of Mumbai, India and has an operational presence in multiple countries across the African continent. Its business segments include Medical Centres, Hospitals, Consultancy Services, Distribution of Pharmaceutical & Medical Consumable Products and Medical Value Travel. It is currently providing Project Management Consultancy Services to set up a 300+ bedded Health City in Undri, Pune (Maharashtra, India) for PHRC Lifespaces Organization along with a few other healthcare consultancy projects in Kenya and Angola. The Majority of revenue is derived from Uganda.
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